Monday, January 30, 2006

Tocqueville Gold 2005 Year-End Review & Outlook

John Hathaway, of Tocqueville Asset Management and manager of the Tocqueville Gold Fund, summarizes the development of the gold market's bull run up to this point and gives us his view as to how things might progress.

Hathaway notes that a certain complacency still pervades the gold and gold share market. See especially his figures regarding gold's above ground market value in relation to financial assets. I think the chart that illustrates this point could be one of the next heavily circulated graphics that we'll see making the rounds at gold conferences and investment presentations.

I'll let him do the rest of the talking
: John Hathaway on gold